Business & Finance
New operator takes the reins at North Sea field
Germany’s Wintershall Dea has completed the sale of its interest in three North Sea fields to Norway’s OKEA.
Maersk CEO: We are committed to making a tangible environmental impact in this decade
Danish shipping group Maersk is pressing ahead with its first-mover tactics when it comes to decarbonizing its operations as it looks to reap its first fruits already this decade. “We have recently announced the order of further six dual-fueled green methanol-enabled container ships. As we maintain
GKinetic Energy targets commercial ramp up with €2 million funding round
Irish-based hydrokinetic developer GKinetic Energy has opened a €2 million funding round focused on ramping up its commercialization activities.
Norway inviting applications for another CO2 storage permit
Norway’s Ministry of Petroleum and Energy is inviting applications for an area on the Norwegian continental shelf (NCS) that would be used for CO2 injection and storage. The area encompasses defined blocks in the North Sea. “Today’s announcement of land for the storage of CO2 is new evidence of the
Fugro, AD Ports forge ties on remote and autonomous technologies
Geo-data specialist Fugro has signed a collaborative agreement with UAE-based port operator Abu Dhabi Ports (AD Ports) that sets out combined goals to utilise remote and autonomous technologies in the region. Whilst the agreement formalises the partnership, the companies have been working together s
First 100km of subsea cable in at Shetland HVDC link
The first 100 kilometers of subsea cable has been installed for SSEN Transmission’s Shetland High Voltage Direct-Current (HVDC) link in the North Sea. The £660 million project will involve constructing a 260-kilometers subsea cable from Shetland to the GB mainland, linking Shetland to the national g
With another acquisition under its belt, Shell extends its UK gas portfolio
Shell has added a gas field located West of Shetland to its asset portfolio thanks to a deal with Reabold Resources.
Amogy CEO: Our goal is to cut 10 pct of global GHG emissions by 2040
Since the official launch of Amogy in November 2020, the Brooklyn-based technology startup has had several important milestones. The company is building a zero-emission ammonia-to-power system, which aims to enable the decarbonization of heavy-duty transportation and industries, including shipping.
Dutch company secures close to €5 million for tidal power technology
Dutch company SeaQurrent has closed a multi-million euro funding round, securing support from major organizations for the development of its tidal energy technology and projects.
Flow test for first gas well in Black Sea drilling campaign in line with expectations
Trillion has revealed flow test results for the first well in its 2022 – 2023 drilling campaign on a gas field in the Black Sea off Türkiye.
UK regulator scraps CoP reports requirement to bolster energy security
UK’s regulator says that the industry will make significant savings in time and money following its move to cut red tape and scrap the requirement for CoP reports.
TrueOcean launches digital subsea survey data platform
Germany-headquartered subsea geo-information specialist TrueOcean has launched a new digital platform that unifies subsea survey data formats. According to TrueOcean, the smart marine data platform (MDP) accelerates the transformation of marine data acquired by underwater sensors, including multibea
New vessel operator sets up shop as ammonia-powered PSV design enters offshore market
Amon Maritime has launched a new offshore market player – Amon Offshore – and a carbon-free, ammonia-powered PSV design.
Baltic Pipe receiving terminal put into operation
The receiving terminal of the Baltic Pipe project located at Varde in Western Jutland, Denmark, has been put into operation and is now receiving gas from Norway. The terminal was put into operation on 1 November at 6 a.m. local time, so far with half of the total capacity (6,700 MWh/h). This means t